RE: News - excellentWell the good news is that NAG is moving forward. They are putting in a team of professionals together to mine Kentucky. They will be there for the long-term by the looks of it. Forget 8 mines. I believe they will keep acquiring mines and they will have a lot more than 8 (eventually). So this is good news for the long-term. Not so good for the short term since it won't do anything to the share price. So for those holding long term, we will see the rewards months/years down the road.
To me this news release also proves that NAG is not kidding about kentucky and they are not there just to make some noise. They are getting serious about mining and are planning on becoming a real coal producer, not just produce a couple of mines then leave. I have a feeling they will be there for many many years to come.
Oh yeah, it's also nice how they added that touch at the bottom of the news release regarding yet another 700,000 shares to management. Way to go NAG!!!